CCP - Credit Corp Group

[ROE]

Yes, bit riskier also though. Glad I bought in though, they have done well.

I cant see much down side to their global expansion...
They are debt free, they have bucket load of cash flow that they suspend DRP for last 18 months...

They bed down the Australian Operation to perfection before they go on expansion which is very assuring
they emphasis this on numerous occasion.

Look like their long term plan, bed down Australian operation to generate reliable cash flow, use that to slowly expand and if it doesn't work out so what lose a bit of cash but the upside is huge.

Their Philippine workforce going along nicely and expanding and productivity level at a decent rate.

The one time stuffed up before GFC is well and truly behind them, the CEO and people involve in that circus is
out of the equation...new management is an exceptional lot....and their financial strength is way way better than 4 years ago...

there is nothing not to like, this prove to be a cheap stock again in 5 years if thing go the way they going...
500m - 1B market cap is all within their reach.....this is one business where buy and hold will paid off on a massive scale both on dividend and capital appreciation...

 

[CanOz]

Consolidation on top of recent highs....Triangle...target around 8 ish...

 

[VSntchr]

Finally CCP has broken the $7 level for the first time since its dramatic fall.

This along with pretty much everything else I watch with a decent yield has been going gangbusters.

 

[ENP]

Reading the 2012 annual report, the pessimistic view management had of a equally impressive result next year and the forecast of how much wholesale debt they will purchase doesn't seem to match up with the stock price going up near 20% since then.

Anyone care to explain?

I bought these at $6 back in May after their market update presentation and so far have been confused with the activity. Seems like the management and investors have differing opinions on the future of the company over the next year or so.

Long term I like the idea of them expanding overseas, I think they are onto a real winner there.

 

[VSntchr]

Reading the 2012 annual report, the pessimistic view management had of a equally impressive result next year and the forecast of how much wholesale debt they will purchase doesn't seem to match up with the stock price going up near 20% since then.

Anyone care to explain?

I bought these at $6 back in May after their market update presentation and so far have been confused with the activity. Seems like the management and investors have differing opinions on the future of the company over the next year or so.

Long term I like the idea of them expanding overseas, I think they are onto a real winner there.

In my opinion, the rise has been on the back of people chasing yield.

CCP pays a good divv...and after doing a bit of digging you will find that CCP has been aggressively paying down debt. Now that all that is paid off, they have scope to increase the divvy to an even better yield...

 

[ROE]

all eyes on AGM tomorrow for operational update.... last 2 days rally seems like good news abound..

 

[RottenValue]

Very happy with this one - deciding to make the plunge at $6 back in August when hard to see how it couldn't generate 15% pa has resulted in a 30% SP increase in less than 3 months.

Looking forward to what they have to say - hopefully continue to talk down future prospects and out deliver

 

[ROE]

another half another 54% increase in dividend and I still have every single shares 9 baggers and still going strong

this is a dividend galore stock not to mentioned capital appreciation

 

[Knobby22]

Excellent result. I am going to buy some more.

 

[VSntchr]

Another very pleasing result and yes the divvy is increasing AGAIN!!!


A few concerns tho.

1) The US operations are lagging expectations.

2) They seem concerned about the lack of credit growth.

3) Collection efficiency is dropping (and fast!).....



Still happy to hold and collect the awesome divvy but will have a watchful eye on any updates.
This is over 2.5 bagger for me now

 

[McLovin]

Good result. I like the fact they've been able to grow their PDL acquisitions despite the PDL market being tough. They have a good system in place for both purchasing and collections. The USA will take some time to hit its stride but that's the same as expanding into any new market.

3) Collection efficiency is dropping (and fast!).....

They've been sending a fair bit of telephone bill work to the Phillippines. They have much lower collection value which is why the hourly rate of those guys is falling.

 

[ROE]

onward and upward ...update going to meet upper end of the guidance ....
Sir Can I have another dividend increase please

 

[Ves]

onward and upward ...update going to meet upper end of the guidance ....
Sir Can I have another dividend increase please

20 bagger soon isn't it?

 

[VSntchr]

onward and upward ...update going to meet upper end of the guidance ....
Sir Can I have another dividend increase please

and in my view we are still decently undervalued...but I could be biased

 

[ROE]

Got some people attention

http://www.theage.com.au/business/collect-on-this-promising-mid-cap-20130529-2nbdc.html

 

[ROE]

http://www.brrmedia.com/event/112268/thomas-beregi-ceo

Awesome CEO, Honest, down to earth, we need more of these

I like it when CEO doesnt talk about stock price, just carry on with they pay to do...
Let us investor talk about share price

 

[ROE]

Tomorrow...
If all things goes well and an update on the oversea operations and consumer lending business firing on all cylinder
we have the catalyst for pushing above $10

 

[ROE]

And there we have it ..great result and always cautious management
Double digit dividend grow again compared to last year final -

 

[VSntchr]

I'm out of cash and CCP is my biggest purchase ever.

This will make me or break me that how confident I am....

It wont bankrupt me it just take away all my profit

Well 5 years on and you can consider yourself MADE!

Well done ROE.

 

[ROE]

Well 5 years on and you can consider yourself MADE!

Well done ROE.

Yeah made a bit of money out of it

I have it both personal and SMSF, SMSF I picked them up at $3.87

I sold 30% of the personal holding at $10.28 before it run close to $11
Just got a dividend cheque too, best cheque every 6 months

I think dividend payment will return all my initial invested capital after this year...

Hope AHZ will give me the same deal in a decade..